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Leading From Behind': Former White House Budget Wonks Savage Obama For Failing To Lead On Econ. Issues

Business

"He still hasn’t submitted a budget."

Former Reagan budget director David Stockman and David Walker, former U.S. Comptroller General under Presidents Bill Clinton and George W. Bush, agreed Thursday that the U.S.' greatest deficit is its leadership deficit.

I “don’t think [the budget] is fixable,” Stockman said during a panel discussion at the 50th annual Society of American Business Editors and Writers conference in Washington, D.C. “We’ve been cooking the books for a heckuva’ long time, both fiscally and in the monetary system in Wall Street.”

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